Silver prices returned to the upside on Monday, gaining 1.6 percent to trade at $29.85 per ounce at the time of writing. The commodity is making an attempt to return to the psychological support level of $30 per ounce, which it broke on Friday following the release of US Nonfarm Payrolls data. XAGUSD drew a long bearish candlestick, losing 6.14 percent following the forecast-beating data. As a precious metal, silver is used by some investors to hedge against inflation and US dollar depreciation. Therefore, the commodity’s appeal was reduced after the May NFP data showed that the US economy added 272k jobs, exceeding ... (full story)